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Cloud POS Solutions Reshaping Operations in the Retail Sector

Kutubkhan Bohari | July 14, 2022 | 610 views

Cloud POS article
Until recently, most brick-and-mortar retail stores relied on local platforms to save their point-of-sale (POS) data, such as transaction records and product price lists. These include a variety of solutions, ranging from larger network servers to on-premises PCs or servers used by service providers. However, a large number of retailers are shifting their business operations to online platforms, with cloud POS emerging as a trailblazer in the transition. 

Retailers are heavily investing in the development of digital payments, contactless, and cashless transactions and have begun to implement innovative point of sale (POS) solutions to improve their bottom lines in the long run.


Cloud POS Providers Responding to Transition

Over the years, POS platforms, especially cloud-based POS, have evolved into robust platforms capable of integrating a wide range of retail operations, including data analytics, accounting, inventory, accounting, and marketing.

This evolution of POS platforms from traditional to cloud-based has manifested itself in a variety of ways, ranging from increased inventory management efficiency to improved user experience, data security, disaster management, and increased profitability, positioning themselves solutions as an imperative retail tool, today.

On account of the rising awareness regarding the merits of integrating cloud technology, approximately 52 percent of corporate firms have fully migrated to cloud POS solutions, with more than 40 percent planning to follow the same, as per a study. Citing the trend, cloud POS solutions are anticipated to exceed $9 billion by the end of 2026.

Leading industry players are riposting to this transition in earnest by launching innovative products designed to address the need for advanced POS solutions across the retail sector. For instance, in 2022, Visa unveiled a new cloud-based payment platform, Visa Acceptance Cloud (VAC), which can transform almost every device into a cloud-connected payment terminal.


The Future’s Story

In this digital disruption era, enterprises are gearing up to invest in innovative technologies and enter the new software market. One of these is the cloud-based POS system, which has permitted retail stores to manage customer data and handle sales and inventory digitally. POS software has clearly benefited all business domains, but it has completely transformed the retail sector's facet, making it more progressive, tech-savvy, and customer-oriented.

Spotlight

Miinto Benelux

Miinto is the biggest online fashion retailer in Scandinavia and western Europe working with more than 2,700 independent fashion boutiques. Miinto offers an online shopping platform that enables participating boutiques to sell to a global audience. We combine the fashion expertise of the best boutiques in the countries with Miinto's online expertise and the ability to deliver intelligent ecommerce and customer service. In the Netherlands Miinto attends in a partnership with RTL Nederland.

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Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

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Spotlight

Miinto Benelux

Miinto is the biggest online fashion retailer in Scandinavia and western Europe working with more than 2,700 independent fashion boutiques. Miinto offers an online shopping platform that enables participating boutiques to sell to a global audience. We combine the fashion expertise of the best boutiques in the countries with Miinto's online expertise and the ability to deliver intelligent ecommerce and customer service. In the Netherlands Miinto attends in a partnership with RTL Nederland.

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